Blimey

[Tangled up in Blue]

Neil F

I've seen a couple of references now that a FTT imposed on the City at a rate of 0.05 per transaction would generate 59 billion pounds in revenue.
Care to comment?

 

[Neil_F]

.Both of these countries are of course in the Eurozone and will continue to have a real influence on future decision making in Europe.

The Chief Officer was very influential on the Titanic for a while as well.

 

[Neil_F]

Neil F

I've seen a couple of references now that a FTT imposed on the City at a rate of 0.05 per transaction would generate 59 billion pounds in revenue.
Care to comment?

I haven't seen such a study but I'll have a look around and get back to you.

I can perfectly believe that the isolated yield would be at that level. The problem is that it would destroy growth such that other tax revenue would fall by a greater amount. That was the verdict of the EU Commission's own study anyway.

 

[Napster]

Neil F

I've seen a couple of references now that a FTT imposed on the City at a rate of 0.05 per transaction would generate 59 billion pounds in revenue.
Care to comment?

This tax would divert transactions to other jurisdictions, like New York and Hong Kong, damaging the UK’s long-term competitiveness.

My words, or the CBI's?

 

[Bielzibubz]

Anything that stops Merkozy et al from holding the reigns of fiscal power over us is a damn good idea in my book.

 

[canveyshrimper]

Interestingly,Europe has destroyed the political careers of the last three Tory Prime Ministers-Heath,Thatcher and Major.Who's to say it won't end up destroying Cameron's career too?
Like you,Yogi, I look forward to hearing the reactions of the Coalition's Lib-Dem "partners" in due course.

Eh? How did it account for Heath, he took us in, it was his failure to deal with the unions that did for him.

Thatcher possibly, but she did claw back a lot of our financial contributions, and also kept in place many "red lines" which subsequently Blair & Brown gave away.

Major was a dead man walking after 18 years of Conservative Government, rather like Brown after 13 years of Labour.

The Lib-Dems may protest but Clegg isn't going to take them out of the coalition anytime soon as they are likely to be slaughtered in an election, which in all probability the Conservatives will win an outright majority.

 

[canveyshrimper]

You'll no doubt be aware that it was Churchill in his great 1946 speech, who first called for a United states of Europe.

Sorry, but there's no chance whatsoever that the Euro "as a currency"will collapse.That's just wishful thinking on the part of Euro sceptics, such as yourself.

I'm not a Euro sceptic, in my quoted post I stated I am more than happy with the way the single market works. I'll hand you over to Neil_F who is way more knowledgeable than I on the workings (or not) of the Euro.

 

[Holy Joe]

There's at least 1 person in Spain that thinks the Peseta is coming back......


"European CEOs Move Cash to Germany In Case of Euro Breakup (1)
2011-12-09 08:21:45.196 GMT


(Adds details from EU summit in fifth paragraph.)

By Manuel Baigorri and Richard Weiss
Dec. 9 (Bloomberg) -- Grupo Gowex, a Spanish provider of
Wi-Fi wireless services, is moving funds to Germany because it
expects Spain to exit the euro. German machinery maker GEA Group
AG is setting maximum amounts held at any one bank.
“I don’t trust Spain will remain in the euro zone,” said
Jenaro Garcia, founder and chief executive officer of Madrid-
based Grupo Gowex, which provides Wi-Fi access in 15 countries.
“We moved our cash and deposits to Germany because Spain will
come back to the peseta.” ......"

 

[Tangled up in Blue]

Eh? How did it account for Heath, he took us in, it was his failure to deal with the unions that did for him.

You don't think Heath's pro-European stance helped to cause his downfall after the "Who Governs"elections in 1974?

Thatcher possibly, but she did claw back a lot of our financial contributions, and also kept in place many "red lines" which subsequently Blair & Brown gave away.

She was also the person who signed GB up to the single EU.

Major was a dead man walking after 18 years of Conservative Government, rather like Brown after 13 years of Labour.

He did win an election under his own steam though.I also seem to remember him complaining about the (Euro)*******s in his own Cabinet and party.

The Lib-Dems may protest but Clegg isn't going to take them out of the coalition anytime soon as they are likely to be slaughtered in an election, which in all probability the Conservatives will win an outright majority.

Seen any pigs flying over Canvey recently?:winking:

 

[Tangled up in Blue]

This tax would divert transactions to other jurisdictions, like New York and Hong Kong, damaging the UK’s long-term competitiveness.

My words, or the CBI's?

Not according to this:- http://robinhoodtax.org/how-it-works/everything-you-need-to-know

Click on the section entitled:-Won't companies just avoid the tax or move their businesses offshore?

 

[Napster]

Not according to this:- http://robinhoodtax.org/how-it-works/everything-you-need-to-know

Click on the section entitled:-Won't companies just avoid the tax or move their businesses offshore?

I'd rather trust the CBI's view, thanks.

 

[Dick Bate's Protege]

I wonder if Labour would have taken the same stance given the evidence of its 13 years of tyranny. Me thinks not.

 

[yogi bear up the cagire]

I wonder if Labour would have taken the same stance given the evidence of its 13 years of tyranny. Me thinks not.

I reckon Tony Blair certainly would have done..........but that was New Labour, wasn't it? Cameron may have kept his
Eurosceptics onside with his stance, it's the other part of the coalition that may have trouble keeping a sense of unity. I don't get the feeling that Nick Clegg will get unanimous support from his party for his backing of Cameron's negotiating position.

 

[Dick Bate's Protege]

I reckon Tony Blair certainly would have done..........but that was New Labour, wasn't it? Cameron may have kept his
Eurosceptics onside with his stance, it's the other part of the coalition that may have trouble keeping a sense of unity. I don't get the feeling that Nick Clegg will get unanimous support from his party for his backing of Cameron's negotiating position.

I haven't been able to take Nick Clegg seriously since he remarked that the recession was 'a wonderful opportunity for father's to spend more time with their children'. Utter penis. I suspect that he needs the Tories far more than they need him, reckon the fence sitter brigade will ditch him at the earliest possible opportunity.

 

[Swiss Tony]

I haven't been able to take Nick Clegg seriously since he remarked that the recession was 'a wonderful opportunity for father's to spend more time with their children'. Utter penis. I suspect that he needs the Tories far more than they need him, reckon the fence sitter brigade will ditch him at the earliest possible opportunity.

Yes i agree with all that except i don't think he's a penis,more of a ****.

 

[Reg Martin]

]]

Barna there is a real world out there beyond the Guardian editorials. It amuses me that the left applaud the proposals that seem simply the policies this coalition have already put in place whilst sneering that Cameron has not signed up to the Tobin tax. The EU is a bureacratic juggernaut heasding for the rocks. At least some people have shouted mayday.
PS the horrid bankers have made a fortune for this country over the years. It's not a perfect system but tell me which party made a pact with the "devil" and should no real zeal for reform or regulation.

Good point.
According to BBC the main provisions of the latest agreement include:

• a cap of 0.5% of GDP on countries' annual structural deficits
• "automatic consequences" for countries whose public deficit exceeds 3% of GDP
• the tighter rules to be enshrined in countries' constitutions

No doubt someone will tell us exactly what that means but I suspect it means further eye-watering austerity measures for some countries. Whether their populations and the financial markets go along with this only time will tell but I wouldn't be surprised if there is another summit to 'save the euro' not long into the new year.

 

[canveyshrimper]

You don't think Heath's pro-European stance helped to cause his downfall after the "Who Governs"elections in 1974?



She was also the person who signed GB up to the single EU.


He did win an election under his own steam though.I also seem to remember him complaining about the (Euro)*******s in his own Cabinet and party.




Seen any pigs flying over Canvey recently?:winking:

Heath lost because of his failure to deal with the unions, the knock on from the 3 day week. Wilson promising a referndum on our membership of the Common Market may have assisted, butas the vote was yes I doubt it.

I did say that the EU may havedone for Thatcher.

I've an idea I would have beaten Neil Kinnock.

And yes I have great faith in porcine aviation thanks. If the General Election is primarily about Europe then I think the Conservatives will win easily. The Lib-Dems are pro Europe, while all Miliband can do is sit on the fence looking like a startled goldfish, but ultimately Labour are pro Europe.

 

[Reg Martin]

Heath lost because of his failure to deal with the unions, the knock on from the 3 day week. Wilson promising a referndum on our membership of the Common Market may have assisted, butas the vote was yes I doubt it.

I did say that the EU may havedone for Thatcher.

I've an idea I would have beaten Neil Kinnock.

And yes I have great faith in porcine aviation thanks. If the General Election is primarily about Europe then I think the Conservatives will win easily. The Lib-Dems are pro Europe, while all Miliband can do is sit on the fence looking like a startled goldfish, but ultimately Labour are pro Europe.

Cameron and Clegg aren't without their faults, far from it, but I doubt has there ever been a poorer leader of the Labour party than Ed Miliband. If the coaltion were to fall apart next week and Labour somehow stumble into office I really don't think he has any clue what he would do if PM.

 

[Tangled up in Blue]

Good point.
According to BBC the main provisions of the latest agreement include:

• a cap of 0.5% of GDP on countries' annual structural deficits
• "automatic consequences" for countries whose public deficit exceeds 3% of GDP
• the tighter rules to be enshrined in countries' constitutions

No doubt someone will tell us exactly what that means but I suspect it means further eye-watering austerity measures for some countries. Whether their populations and the financial markets go along with this only time will tell but I wouldn't be surprised if there is another summit to 'save the euro' not long into the new year.

And according to The Guardian the points that Cameron would not sign up for were :-

• Any transfer of power from a national regulator to an EU regulator on financial services would be subject to a veto.

• Banks should face a higher capital requirement.



• The European Banking Authority should remain in London. There were suggestions that it might be consolidated in the European Security and Markets Authority in Paris.

• The European Central Bank be rebuffed in its attempts to rule that euro-denominated transactions take place within the eurozone

Do you honestly think that the UK will somehow be immune from "further eye-watering austerity measures" next year,especially if the country officially falls into a recession,again?
More riots are on their way, in the UK, sometime soon,methinks.

 

[yogi bear up the cagire]

I haven't been able to take Nick Clegg seriously since he remarked that the recession was 'a wonderful opportunity for father's to spend more time with their children'. Utter penis. I suspect that he needs the Tories far more than they need him, reckon the fence sitter brigade will ditch him at the earliest possible opportunity.

What gives me the sneakiest suspicion that you and Swiss Tony weren't entirely sympathetic to Nick Clegg, even before his alleged remarks?